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Nicosia - The European Central Bank said it will start printing money to buy bonds next Monday and delivered a robust economic outlook that will make it hard to extend the plan beyond its envisaged September 2016 end-date.
The ECB is embarking on the programme of quantitative easing (QE) with a view to raising eurozone inflation from below zero back towards its goal of just under 2%, and to helping buoy economies across the 19-country bloc.
The ECB, which left interest rates on hold at record lows just above zero at its meeting off-base in Cyprus on Thursday, lifted its growth forecast to 1.5% for this year, from the 1% percent it predicted in December.
